Booz Allen Hamilton (NYSE:BAH) Upgraded to “Outperform” at Raymond James

Raymond James upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a market perform rating to an outperform rating in a research report released on Monday morning, Marketbeat reports. The firm currently has $150.00 target price on the business services provider’s stock.

A number of other equities analysts have also recently weighed in on BAH. Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. The Goldman Sachs Group dropped their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, TD Cowen reduced their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.80.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $129.51 on Monday. The firm’s fifty day moving average is $135.43 and its two-hundred day moving average is $150.35. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.53 and a beta of 0.55. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 70.51% and a net margin of 7.39%. Research analysts expect that Booz Allen Hamilton will post 6.32 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is presently 30.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton during the third quarter valued at $31,000. Bogart Wealth LLC lifted its stake in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 155 shares in the last quarter. R Squared Ltd acquired a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in Booz Allen Hamilton in the fourth quarter valued at about $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the third quarter valued at $45,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.